we will talk with jason fuhrman, chairman of the president's council of economic advisors. another look at futures. we are looking for a higher open t would seem. i don't know anymore. we have a lot more "squawk on the street" right here from post nine. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. i'm a gas service rep for pg&e in san jose.. as a gas service rep we are basically the ambassador of the company. we make the most contact with the customers on a daily basis. i work hand-in-hand with crews to make sure our gas pipes are safe. my wife and i are both from san jose.

you can look at jason fuhrman, the council of economic advisors and they agree that the existence of these food stamp programs and the like and the various government welfare programs force employers to pay slightly higher wages. there's two possible models of wages you can have in the world. you could imagine that walmart and mcdonald's and employers are kind and compassionate corporate citizens who want their employees to have a standard of living and the government kicks in more than they will and feel they that need to pay less or they're basically amoral. not immoral but amoral and setting wages based on supply and demand. everyone agrees it's the latter. what does do these government benefits do to supply and demand? they don't have much effect on demand. there's a slight in effect terms of reducing supply. people might be willing to work part time instead of full time because they've got benefits and if you don't have anything coming in you have to eat if you've got the -- you have to work if you do have benefits coming in there's not as much pressure so economists debate whet